Daily Market Commentary : Equity indices rebound from losses, end flat on global cues, auto gains by Siddhartha Khemka, Motilal Oswal Financial Services Ltd
Below the Quote on Daily Market Commentary for September 05th, 2025 by Siddhartha Khemka - Head of Research, Wealth Management, Motilal Oswal Financial Services Ltd
Equity benchmark indices rebounded from early losses to end on a flat note, supported by positive global cues and buying in auto stocks. Nifty50 closed at 24,741 (+0.03%), while Nifty Midcap100 and Smallcap100 were up by 0.2% each. Amongst sectors, Nifty Auto outperformed with a 1.25% gain, led by strength in large-cap auto stocks as automobiles are one of the biggest beneficiaries on the GST 2.0 reforms. On the other hand, Nifty FMCG lost 1.4% due to profit-taking after a five-day winning streak. Nifty IT declined by 1.4%, reversing early gains due to concerns over weaker than expected U.S. labour data and its implications over the US economic growth. The Indian rupee weakened to a fresh low of 88.36 against the US dollar, dragged by foreign equity outflows and ongoing pressure from US tariffs, even as reports indicated RBI intervention to curb sharper losses. Overall, while external headwinds from global trade uncertainties and tariff hikes remain a key risk, the combination of a simplified GST framework and positive domestic macros would underpin market momentum in the near term.
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